Can the conveyancing lawyers that are recommend carry out auction conveyancing in Limbury?

We know of a few niche solicitors we can connect you with those who can conduct auction conveyancing. Limbury is one of our locations in which our lawyers have offices.

Have just purchased a repossessed house at auction in Limbury. Conveyancing is required. What is next?

Now that you are for in every practical sense signed on the dotted line you will need to retain a conveyancing lawyer quickly as you will have a tight a fixed date to complete the purchase. All auction property will ordinarily have a corresponding auction pack. This will likely include the copy title deeds, local authority and drainage searches. If you have purchased leasehold premises the legal papers may provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork relating to leasehold premises. You must give this to the solicitor working for you as soon as possible. You also need to ensure that that you have the requisite funding in place to complete on the date specified in the contract.

When it comes to lenders such as Co-operative, do Limbury property lawyers incur a yearly amount to be on the conveyancing panel?

We are unaware of any bank fees to be on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel submission.

I recently had an offer agreed on a house in Limbury. My financial adviser recommended their conveyancers. I paid an advanced payment of £225. Soon after, the lawyer contacted me to say that they were not on the Principality conveyancing panel. Am I right in thinking that I should be due a refund?

You should be able to recover this from the law firm if they were not on the Principality panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.

A relative recommended that where I am purchasing in Limbury I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?

A search of this type is sometimes quoted for as part of the standard Limbury conveyancing searches. It is not a small document of more than thirty pages, listing and detailing significant information about Limbury around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with maps and statistics, Local Amenities and other useful data regarding Limbury.

Are there restrictive covenants that are commonly picked up during conveyancing in Limbury?

Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Limbury. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

I'm purchasing my first flat in Limbury benefiting from help to buy. The builders refused to reduce the price so I negotiated 6k of extras instead. The property agent advised me not inform my solicitor about this side-deal as it may impact my mortgage with the bank. Is this normal?.

All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.